Oil Prices Climb As Hurricane Idalia Hurtles Towards The Gulf Coast ...Middle East

OILPRICE - Economy
Oil Prices Climb As Hurricane Idalia Hurtles Towards The Gulf Coast
source : OILPRICE ( Middle East ) () 44
Crude oil prices extended the gains they’d made on Tuesday today as traders watched Hurricane Idalia approach the Gulf Coast and the American Petroleum Institute surprised the market with a massive inventory draw. Idalia was forecast to reach Category 4 intensity by the time it made landfall in Florida by the National Hurricane Center, which said as of Tuesday it was a Category 2. Landfall is expected for later today. Meanwhile, oil and gas operations in the Gulf are mostly business as usual except for three Chevron platforms where workers…

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